1. Given the context, I only incurred expenses and no income in TY2022. Can I claim these expenses as deduction against my W2 income or not? If they moved in on December 16, then you would have 15 days of rental income. But, yes, you can have a loss on your rental property since it was rented for more than 14 days in 2022 and was available for rent for over 2 months.
2. Can I file these expenses as loses and carry forward to TY2023 and possibly deduct them against my future rental income? These expenses would be either used or lost. You can have a rental loss of up to $25,000 in a year if your income is $100,000 or less for the year. You could use the expenses as they seem to total around $3,000 with a quick look. If you
3. I'm doing standard deductions for TY2022 as it is higher than my itemized deductions. Can I take these expenses as loses without itemizing i.e. with Standard deductions based filing? Rental expenses are not deductible as personal expenses, they go on Schedule E so it would not affect your ability to take the standard deduction.
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